Nationwide Etf Performance
The etf secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Nationwide are completely uncorrelated.
Risk-Adjusted Performance
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Over the last 90 days Nationwide has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental indicators, Nationwide is not utilizing all of its potentials. The newest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
| Fifty Two Week Low | 15.16 | |
| Fifty Two Week High | 24.03 |
Nationwide |
Nationwide Relative Risk vs. Return Landscape
If you would invest (100.00) in Nationwide on September 18, 2024 and sell it today you would earn a total of 100.00 from holding Nationwide or generate -100.0% return on investment over 90 days. Nationwide is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of etfs are less volatile than Nationwide, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Nationwide Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Nationwide, and traders can use it to determine the average amount a Nationwide's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0
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Based on monthly moving average Nationwide is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nationwide by adding Nationwide to a well-diversified portfolio.
Nationwide Fundamentals Growth
Nationwide Etf prices reflect investors' perceptions of the future prospects and financial health of Nationwide, and Nationwide fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Nationwide Etf performance.
| Total Asset | 14.94 M | |||
| Nationwide is not yet fully synchronised with the market data | |
| Nationwide has some characteristics of a very speculative penny stock | |
| The fund maintains 99.27% of its assets in stocks |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Other Tools for Nationwide Etf
When running Nationwide's price analysis, check to measure Nationwide's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nationwide is operating at the current time. Most of Nationwide's value examination focuses on studying past and present price action to predict the probability of Nationwide's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nationwide's price. Additionally, you may evaluate how the addition of Nationwide to your portfolios can decrease your overall portfolio volatility.
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